Energy X Closes $20M Pre-Series B to Accelerate Building Sector Decarbonization

Given that climate change is a global issue, it makes sense to focus on reducing emissions from buildings as much as possible. Net-zero energy buildings (nZEBs) are an important part of the solution, as they can help reduce the overall carbon footprint of a building.
The International Commission on Large Dams (ICOLD) estimates that large dams can account for up to 16% of global greenhouse gas emissions. Mitigating the negative environmental impact of large dams requires careful planning and execution; however, electrifying rural areas can also have significant impacts. For example, it has been estimated that supplying access to light and power via low-cost solar panels could prevent up to 2 million child marriages each year across Africa alone. In addition to tackling larger projects like the construction of large dams, there are other ways in which we can clean up our built environment: zero-emission buildings (ZEBs). ZEBs use less energy than traditional buildings and usually require no cooling or heating during colder or hotter weather conditions; this means they consume less electricity and therefore produce fewer emissions. So far, about half a million ZEBs have been built around the world – with more being created every day – and more are being developed every year. The push to clean up the built environment has spawned a lot of policy, as well as overlapping acronyms, including net

The increased use of ZEBs in the construction industry is one way to help reduce emissions in the building sector. By 2030, all new buildings in the EU are expected to have a ZEB requirement, and retrofitting older federal buildings will also be encouraged. In South Korea, measures to reduce emissions in the building sector through 2030 include retrofitting buildings and strengthening ZEB requirements for new buildings.

How can we create environmentally friendly buildings? Energy X, a startup and marketplace that “enables the construction of zero-energy buildings,” is one approach. The built environment’s whole process — including materials manufacturing, construction, heating and electricity, maintenance and demolition, drives an estimated 40% of greenhouse gas emissions globally. The steep environmental cost and looming deadlines inspired Energy X to develop a platform that enables the construction of zero-energy buildings. By building on this experience, other developers can create even more sustainable solutions for the built environment.

Energy X is a company that aims to help people save money on energy bills. They do this by crowdfunding sustainable architecture projects. They have co-founders Sean Park and Tom Hong, who have experience in sustainable design and fundraising. Energy X has already received a lot of support from the public, and they are continuing to grow rapidly.

The company Energy X, has already been able to popularize their product through their work with large conglomerates and designers in South Korea. They have found a niche in retrofitting buildings for energy efficiency purposes and by doing so,saving money on power bills. Their users are building owners, construction companies and architects who seek ways to make their buildings more environmentally friendly while also meeting the needs of their clients.

The startup says it has an advantage over other companies because it is able to seal deals with large construction companies that are looking for sustainable architecture. It estimates that its contracts are worth 1.6 trillion won, which is a significant amount in terms of the construction cost for sustainable architecture.

Construction technology is booming, with companies such as Procore and Aconex reaching massive valuations. However, amidst the competition, one company has emerged as a clear leader: Energy X. With their innovative energy-efficiency tech, the company has become a sought-after partner for construction giants all over the world.

Energy X is a start-up that is working on new energy-saving technologies. Their main focus is solar and energy conservation, but they also have goals for developing HVAC and BEMS systems. They have a team of experts who are dedicated to creating innovative ways to save energy in buildings.

A building owner who wants to take advantage of energy-saving measures may find it advantageous to use a building management system, such as Energy X’s cloud-based product. These systems are software-based and allow for remote monitoring and management without the need for direct input. Energy X’s AI is able to optimize the system at all times, making it an ideal option for those looking to save

The startup has now secured a total of $40 million in funding, making it one of the most successful South Korean startups to date. Its major investors include Benchmark, Sequoia Capital and Samsung Ventures.

Investors say Energy X’s marketplace provides an accessible and transparent way for consumers to buy and sell energy efficiency products. The startup says it plans to expand its roster of energy efficiency products this year, including solar panels, LED lights and smart home devices.

Energy X is a renewable energy corporation that plans to grow its team to 200 employees this year. They areocusing on energy storage, environmental technology and solar power. Their goal is to make renewables more accessible and affordable for everyone.

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Zara Khan

Zara Khan is a seasoned investigative journalist with a focus on social justice issues. She has won numerous awards for her groundbreaking reporting and has a reputation for fearlessly exposing wrongdoing.

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